As I have mentioned in past posts, median tenure of American workers has been less than 5 years for the…
Couldn't agree with you more, Henry. The unthinking suggestion that the need to improve the adequacy of retirement income results…
At the EPFIF Trustee Circle last week, a speaker from a leading investment manager talked about the "gamblification" of the…
I've got six old workplace pots scattered around and honestly the admin of merging them has put me off for…
Tag Archives: tax relief
Don’t expect total fairness from the pension taxation system soon!
Steve Webb has got thee first – the rest of can thank him! He shows how middle earners are being squeezed by the fiscal drag. No one is really winning despite tax-relief going up. The worst off are the poorest … Continue reading
Where is the money to pay for this? In our pensions – that’s where!
Every time we get a proper Labour Government, we have to ask that question and most times what I’ve heard back is “tax”. I have no wish to pay more tax. I want relief from tax and for the money … Continue reading
Posted in pensions
Tagged Altmann, Ashok Gupta, bowles, Gupta, Haldane, Hamilton, McGrath, Pensions, Tax, tax relief
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Two podcasts about UK pensions – VFM from Kathryn Fleming Vs Newscast!
It was the end of a hot and steamy week and two hours before the Norway vs France game. I thought I’d listen to a couple of podcasts while sorting out the garden, ducks and birds. The first I listened … Continue reading
Posted in pensions
Tagged DC pensikons, Fleming, Haldane, Income Tax relief, pension tax relief, Pensions, tax relief
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Mandation – you ain’t seen nothing yet! Andy Haldane- for Andy Burnham?
You heard it first from Ros Altmann and Sharon Bowles in the House of Lords. Now it’s been passed to Andy Haldane who’s close to Andy Burnham as an “adviser”. What’s he planning for Britain via the HMRC and whoever … Continue reading
Posted in pensions
Tagged Andy Burnham, Andy Haldane, BOE, Mandation, Pensions, tax relief, Taxation
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Could voodoo economics save pension tax relief (and Keir Starmer’s box)?
Consumer confidence is in the grip of the prospect of a painful budget with the middle classes scared of losing pension privileges to pay for the £22bn black hole created by post election public sector pay rises Tory fiscal incompetence. I … Continue reading
Why pension tax-relief has remained a rich man’s perk
Back in 2015, when reform of the pension tax relief system was under a consultation “Strengthening the incentive to save: consultation on pensions tax relief – GOV.UK (www.gov.uk)” the Government requested Ipsos Mori to research how much the general population … Continue reading
What we don’t consider matters
Listening to Victoria Derbyshire talking about domestic abuse on the radio this morning , I was struck by one insight. When asked why domestic abuse had been such a low priority at the start of lockdown she observed that as … Continue reading
Posted in accountants, actuaries, advice gap, pensions
Tagged advice gap, David Penney, pensions, tax relief
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A great report on tax injustice from the ABI at prayer.
It’s a good and timely report and its analysis of inequality is excellent. But it is only addressing a quarter of the Government’s incentives bill and the solution it models is a lot more painful to the mass-affluent than the report implies Continue reading
Posted in accountants, actuaries, age wage, pensions
Tagged ABI, pensions, PPI, Tax, tax relief
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Treasury flies a pension kite on a stormy weekend
For as long as I’ve been advising on pensions, the weeks running up to the budget have been filled with rumours of draconian reductions in the subsidies available to the rich to featherbed their retirement. This FT story has the … Continue reading
Posted in age wage, pensions, Politics, Treasury, welfare
Tagged pensions, Sajid Javid, tax relief, Treasury
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Tom McPhail – “the Thunderer’s thunderer” #pensions #tax #relief
Sir, The government should abandon its attempts to find a quick fix to the pension allowance taper problem affecting high earners including doctors and judges (“Pension tax windfall for top earners”, Jan 16, and letter, Jan 17). The pension tax … Continue reading
When a youngster in our extended family emigrated he consolidated his DC pensions into just two - easy enough to…